The Indian share market maintained buying momentum ahead of the presentation of the Union Budget in the parliament today.  The 30-share Sensex and Nifty50 gained up to 0.25% after making a positive start, led by Sun Pharma, Adani Ports, ITC Hotels, IndusInd Bank, and Ultratech Cement. On the sectoral front, Realty, Media, FMCG, Pharma, Healthcare, FMCG, Metal and Consumer Durables indices were also trading higher, while IT, Bank, and Oil & Gas were among top laggards.

Among individual stocks, railway-related RVNL, Suzlon Energy, Quess Corp, Bharat Electronics Ltd. (BEL), Kalyan Jewellers, Waaree Energies, Indian Railway Finance Corporation (IRFC), Jupiter Wagons, Adani Green Energy, and Adani Power saw strong volume, with their stock price rising in the range of 2-20%. Private railway-related stock Jupiter Wagons surged nearly 20% today.

State-owned RVNL has rallied over 24% so far this week, while IRFC and BEL rose up to 13% in five days amid hopes of higher budgetary allocation for the railways in the Union Budget 2025. Similarly Suzlon Energy share price has risen 20% this week after it posted strong earnings in Q3. Adani group stocks Adani Green Energy and Adani Power jumped up to 5% amid expectations that the budget will focus on renewable sector.

Early today, the BSE Sensex opened 136 points higher at 77,637 and the NSE Nifty belled the day at 23,528.60, up 22 points. the Dalal Street has maintained buying momentum for the last four sessions, with Sensex and Nifty rising nearly 3% during this period amid hope that the government would strike a balance between fiscal deficit, capex for growth and social spending to revitalise the world’s fifth largest economy. On Friday the domestic bourses closed higher on January 31, with the Sensex rising 0.97% to 77,500 points, and the Nifty gaining 1.11% to 23,508.4 points. The broader markets saw even stronger gains, with the BSE MidCap and SmallCap indices surging over 3.5% each.

On the global front, U.S. stocks ended lower on Friday after the White House confirmed that tariffs on Mexico and Canada would take effect from February 1. Trump has also warned BRICS countries that they will face 100% tariffs if they replace the U.S. dollar with their other currency. On Friday, the Dow Jones Industrial Average ended 0.75% lower, the S&P 500 dropped 0.5%, and the Nasdaq Composite lost 0.3%.

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